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Showing 391 - 400 of 3918 results for "law"

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... and statutory declarations. AFP detective superintendent Peter Chwal said the AFP worked closely with Commonwealth and state law enforcement partners to stamp out fraud and identify anyone who tried to exploit government support. "It is important to ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... superannuation portability and choice of super fund are important member rights. "ASIC brought this action to clarify the law around those rights and to emphasise the critical responsibility of trustees to provide accurate information to their members. ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... regular SG owing, nominal interest of 10% per annum, and an administration fee of $20 per employee, per quarter. Under the new law, the SG charge will be updated to ensure employees are fully compensated for any delay in payment. It will now comprise ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

FSU steps up calls for reproductive leave policies

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... broadly, Maurice Blackburn continues to campaign for Fair Work Act reform to legislate 12 days of paid reproductive leave. The law firm also supports the Queensland Council of Unions' push to introduce 10 days of non-cumulative, paid leave to cover ...

Robeco appoints APAC sales lead

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
The former Australian managing director of Fidelity will soon be the regional sales lead for Robeco. Lawrence Hanson has been appointed head of sales, APAC for the Rotterdam-based manager, effective November 11. He will oversee Robeco's sales efforts ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... "We're pleased to see this announcement includes a five-year review of the legislation. This will be essential to ensuring the law keeps pace with advancements in genomic science and the way genetic tests are used in the future." The government's ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... cross-party Senate committee. "The 'Objective of Super' legislation reflects that clear and compelling purpose in ironclad law," she said. "We strongly support the legislation. It will ensure super stays strong and secure - and continues to deliver a ...